"Silver just hit record highs above $119/oz with massive momentum (+145% in 2025, +65% YTD), driven by speculative capital flows and dollar weakness. SLV tracks spot silver and has benefited from this historic rally. The underlying trend remains incredibly strong, and any pullback could be a temporary consolidation before another leg higher. If dollar weakness accelerates or safe-haven demand intensifies, SLV could easily retest or break above recent highs near $109.83 resistance."